Finance chief says government considering budget worth over US$ 420 bil. for 2020
- 5 years ago
홍남기, 내년도 예산 510조원 이상…확장적 재정 필요
The South Korean government is considering a budget worth roughly 4-hundred-20 billion U.S. dollars for next year.
Speaking at a parliamentary meeting today,... Seoul's finance chief stressed the need for an expansionary spending plan to boost the economy.
A hike of around nine percent from this year's budget.
Hong Nam-ki explained... about 2 billion dollars will be set aside for the parts and materials industries... to make those sectors more competitive and to develop home-grown technologies as a remedy to Japan's export curbs.
The minister added they plan to execute 80 percent of an extra budget for those industries by the end of next month.
The South Korean government is considering a budget worth roughly 4-hundred-20 billion U.S. dollars for next year.
Speaking at a parliamentary meeting today,... Seoul's finance chief stressed the need for an expansionary spending plan to boost the economy.
A hike of around nine percent from this year's budget.
Hong Nam-ki explained... about 2 billion dollars will be set aside for the parts and materials industries... to make those sectors more competitive and to develop home-grown technologies as a remedy to Japan's export curbs.
The minister added they plan to execute 80 percent of an extra budget for those industries by the end of next month.